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Consumer Price Index:Historical Releases/2024 August: Difference between revisions
Consumer Price Index:Historical Releases/2024 August (view source)
Revision as of 19:28, 8 October 2024
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Publishing date: September 11, 2024. | Publishing date: September 11, 2024. | ||
== Results == | == Results August 2024 CPI == | ||
{| class="wikitable" | |||
!Variable | |||
!Actual | |||
!Forecast | |||
!Previous | |||
|- | |||
|Core CPI (MoM) | |||
|0.3% | |||
|0.2% | |||
|0.2% | |||
|- | |||
|Core CPI (YoY) | |||
|3.2% | |||
|3.2% | |||
|3.2% | |||
|- | |||
|CPI (MoM) | |||
|0.2% | |||
|0.2% | |||
|0.2% | |||
|- | |||
|CPI (YoY) | |||
|2.5% | |||
|2.6% | |||
|2.9% | |||
|} | |||
* Core CPI rose 0.3% in August, exceeding expectations for a 0.2% growth. | |||
* Headline CPI rose 0.2% on the month, in line with the forecasts. | |||
* On a yearly basis, core CPI rose 3.2%, in-line with the estimate while headline CPI rose 2.5%, below 2.6% forecast. | |||
* Supercore inflation rose to 0.327% in August from 0.205% in July. | |||
* Shelter index rose 0.5% in August versus 0.4% in July. | |||
* S&P and Nasdaq 100 futures shed 0.4% while Dow futures fell 0.6% following the report. | |||
While there was a sight rebound in the last 3 months, the 6 month and 1 year growth rates continue downward.<ref>https://docs.google.com/spreadsheets/d/1UzvIAz6CBS78vH1moNA-foaZA0HWOb-AG1DfvCUJDio/edit?gid=1447472164#gid=1447472164&range=AR1</ref> | |||
[[File:438622613f7231f977da9face34fb6f97a6a32e0.png|center|thumb|669x669px|<ref>https://public.tableau.com/views/USInflation_17171686419090/CPI3MAnn?:language=en-US&:sid=&:redirect=auth&:display_count=n&:origin=viz_share_link</ref>]] | |||
[[File:Ad2f149372c01a4a4df9b6d5164609ea9a1d0c12.png|center|thumb|675x675px|<ref>https://public.tableau.com/views/USInflation_17171686419090/CPI3MAnn?:language=en-US&:sid=&:redirect=auth&:display_count=n&:origin=viz_share_link</ref>]] | |||
[[File:D9a170badfa123e37b7da5e9ff17a0d39c88c1cf.png|center|thumb|676x676px|<ref>https://public.tableau.com/views/USInflation_17171686419090/CPI3MAnn?:language=en-US&:sid=&:redirect=auth&:display_count=n&:origin=viz_share_link</ref>]] | |||
Persistent shelter and transportation continue to be the major contributors to Core CPI. | |||
[[File:7dd79c35bfe5a9b489fb60d4e9aa7d817597d600.jpeg|center|thumb|729x729px]] | |||
[[File:91678bfdf6fb94cbfff2ffde67b6cdc3a8404705.png|center|thumb|739x739px]] | |||
Shelter showed a slight rebound in August, which not ideal development | |||
* Owners’ Equivalent rent is still the biggest issue within the shelter CPI | |||
[[File:C5dcb62fc7ba62044a68787245af39eecc3ed322.png|center|thumb|739x739px|https://docs.google.com/spreadsheets/d/1UzvIAz6CBS78vH1moNA-foaZA0HWOb-AG1DfvCUJDio/edit?gid=1447472164#gid=1447472164&range=CN1]] | |||
Transportation increased by 0.89% m/m, mostly about airfares, which rebounded 3.9% m/m after 5 months of declines. | |||
Vehicle insurance is moderating, but still very high on a annual basis (16.5% Y/Y) | |||
=== By FED CPI Category === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
| -0.27% | |||
| -1.65% | |||
| -0.52% | |||
|1.69% | |||
|- | |||
|Core Services | |||
|0.41% | |||
|4.93% | |||
|0.31% | |||
|4.90% | |||
|- | |||
|Shelter | |||
|0.52% | |||
|5.21% | |||
|0.38% | |||
|5.03% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.327% | |||
|4.453% | |||
|0.205% | |||
|4.468% | |||
|} | |||
[[File:GXMpdcOXIAA1TIj.jpg|center|thumb|647x647px|<ref>https://public.tableau.com/views/USInflation_17171686419090/CPI3MAnn?:language=en-US&:sid=&:redirect=auth&:display_count=n&:origin=viz_share_link</ref>]] | |||
== CPI expectations == | == CPI expectations == | ||